Joint Distribution Committee Incurs New Loan of $400,000

December 17, 1926

A new loan for $400,000 was incurred by the Joint Distribution Committee for the purpose of covering the current expenses of the relief work in Europe. Another $2,000,000 are necessary to cover the budget of the Committee until the end of 1926.

This situation was described in an appeal issued by David A. Brown, national chairman of the $25,000,000 United Jewish Campaign, to the campaign workers throughout the country, urging them to collect piedges and send in cash as speedily as possible.

A short time ago Mr. Brown appeared before the Joint Distribution Committee and, in answer to the question whether the campaign will be in a position to produce $3,000,000 cash necessary for the work until the end of the year, he promised this fund with the certainty that American Jews who have underwritten their obligations to the campaign will meet them, Mr. Brown declares in his statement. In the course of six weeks, $1,000,000 was paid in, but the other two millions are still outstanding, Mr. Brown stated.

Outside of the $400,000 loan, the Joint Distribution Committee needs another $1,254,500 up to December 31.